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South Korea’s crypto seizure crackdown: will it stop tax evasion?

Invezz Tuesday, 4 February 2025 ()
South Korea’s crypto seizure crackdown: will it stop tax evasion?South Korea is taking a more aggressive stance against tax evasion by targeting high-income residents suspected of hiding wealth in cryptocurrencies. South Korean media outlet Energy Kyungjae reports Gwacheon, a city in Gyeonggi Province, has introduced an electronic virtual asset seizure system designed to identify and confiscate crypto holdings linked to tax delinquents. The initiative […]
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